Sunway Construction IPO Oversubscribed by 2.66 times

Sunway Construction Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 51.7 million shares. It was oversubscribed by 2.66 times. The IPO attract 12,713 applications for 189.2 million shares. On the other hand, the 327.6 millions shares allocated to institutional investors oversubscribed by 4.6 times.

The Institutional Price was fixed at RM1.20 per Offer Share. Accordingly, the Final IPO Price for the Retail Offering is fixed at RM1.20 per Offer Share as set out in the prospectus. As such there is no refund to be made to successful retail applicants.

Below are the allotment summary.

Allotment summary for Bumiputera portion

Denomination

No of Application

No of Successful Application

% Chance

Share / Successful Applications

From

to

100

200

51

6

11.76

100

300

900

44

8

18.18

300

1,000

1,900

160

52

32.50

1,000

2,000

2,900

110

37

33.64

2,000

3,000

3,900

238

81

34.03

3,000

4,000

5,900

425

149

35.06

4,000

6,000

10,900

902

330

36.59

6,000

11,000

19,900

2,072

780

37.64

10,000

20,000

49,900

750

300

40.00

20,000

50,000

99,900

126

80

63.49

50,000

100,000

199,900

65

51

78.46

60,000

200,000

499,900

34

27

79.41

70,000

500,000

ABOVE

2

2

100.00

80,000

4,979

1,903

Allotment summary for Public portion

Denomination

No of Application

No of Successful Application

% Chance

Share / Successful Applications

From

to

100

200

100

7

7.00

100

300

900

140

11

7.86

300

1,000

1,900

670

80

11.94

1,000

2,000

2,900

488

60

12.30

2,000

3,000

3,900

527

70

13.28

3,000

4,000

5,900

1,062

151

14.22

4,000

6,000

10,900

2,244

350

15.60

6,000

11,000

19,900

2,941

480

16.32

10,000

20,000

49,900

1,897

331

17.75

20,000

50,000

99,900

335

99

29.55

50,000

100,000

199,900

143

58

40.56

60,000

200,000

499,900

44

23

52.27

70,000

500,000

ABOVE

20

16

80.00

80,000

10,611

1,736

Notices of Allotment will be dispatched by post to all successful applicants on or before 27th July 2015. Sunway Construction is expected to be listed on the Main Market of Bursa Malaysia on 28th July 2015 under stock name “SUNCON”.